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450 Pioneer Rd - 450 Pioneer Road

4.95 Acres of Commercial Land Offered at £1,185,015 in Rexburg, ID 83440

Executive Summary

POPULATION & DEMOGRAPHICS:
Rexburg is the 4th fastest growing micropolitan city in the US. It grew 55% from 2010-2020. It’s current population is approximately 37,000. The city has a young demographic, largely due to the presence of BYU-Idaho.
EDUCATION:
BYU-Idaho is the centerpiece of the city, providing higher education to a large number of students from across the United States and internationally. The university significantly influences the culture and economy of Rexburg.
ECONOMY:
The economy in Rexburg is heavily influenced by the university, with education being a major sector. Retail, healthcare, and manufacturing also contribute.
CLIMATE:
Rexburg experiences a continental climate, with cold winters and warm summers. Snow is common in winter, which can be quite appealing for winter sports enthusiasts.
RECREATION & CULTURE:
The city offers various recreational activities, especially outdoor activities such as hiking, fishing, and skiing in nearby areas. The Rexburg Tabernacle and the Teton Flood Museum are notable cultural landmarks.
TRANSPORTATION:
Rexburg is accessible via U.S. Route 20, and the closest major airport is Idaho Falls Regional Airport, located about 30 miles south.

Property Facts

Price £1,185,015
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Apartment Units
Total Lot Size 4.95 AC

1 Lot Available

Lot

Price £1,185,015
Price Per AC £239,397
Lot Size 4.95 AC

4.95 acres directly north of The Village Apartments. Zoned HDR1 (High Density Residential 1) which allows for up to 30 units per acre.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
RPR6N39E254951
Land Assessment
£782,110
Improvements Assessment
£0
Total Assessment
£782,110

zoning

Zoning Code HDR1 (Allows for up to 30 units per acre.)
HDR1 (Allows for up to 30 units per acre.)
  • Listing ID: 32002378

  • Date on Market: 03/06/2024

  • Last Updated:

  • Address: 450 Pioneer Rd, Rexburg, ID 83440

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